NMC Resource (TSX VENTURE

NRC) Announces Receipt of Letter of Intent for Going Private Transaction

VANCOUVER, BC--(Marketwired - November 04, 2014) - NMC Resource Corporation ("NMC Resource" or the "Company") today announced that the Company has received a letter of intent (the "Letter of Intent") from Dong Won Corporation ("Dong Won") for a going private transaction. Under the Letter of Intent, Dong Won proposes to acquire all of the issued and outstanding common shares of the Company held by shareholders other than Dong Won and KTB 2007 Private Equity Fund ("KTB") at a price of $0.20 per outstanding common share. Dong Wong has proposed that the transaction would be effected by way of a plan of arrangement under the Business Corporations Act (British Columbia) which would require shareholder approval and the approval of the Supreme Court of British Columbia. 

Dong Won currently owns 15,419,656 common shares of the Company, representing approximately 56% of the current issued and outstanding common shares. Dong Won also holds 13,580,344 preferred shares representing approximately 74% of the current issued and outstanding preferred shares. KTB currently owns approximately 5,333,678 common shares of the Company, representing approximately 19% of the current issued and outstanding common shares. KTB also holds 4,666,322 preferred shares representing approximately 26% of the current issued and outstanding preferred shares.

The Board of Directors of the Company has established a special committee (the "Committee") and it is considering the Letter of Intent. The Committee will be obtaining an independent valuation of the Company and has also retained independent counsel.

Shareholders are cautioned that the Company has only received the Letter of Intent and that no decisions or recommendations have been made by the Committee or the board of directors of the company in response thereto. There can be no assurance that the transaction contemplated by the Letter of Intent will be proceeded with or recommended by the board of directors. 

About NMC Resource Corporation
NMC Resource Corporation (TSX VENTURE: NRC) is a mining company with two molybdenum assets: NMC Moland in South Korea and Boss Mountain Mine ("Boss Mountain") in British Columbia, Canada. NMC Moland started commercial production in April 2010 and has been in production with improved production profile every year. Boss Mountain is a past molybdenum producer. The Company has an option agreement on Boss Mountain with Glencore Canada Corporation to earn 100% interest by spending 3 million Canadian dollars.